ARK Invest trims holdings in Coinbase & Robinhood: $8.7M sold
Cathie Wood's Ark Invest sold $4.4 million in Coinbase and $4.3 million in Robinhood shares on Thursday. The move comes as both stocks dipped after the U.S. approved spot Bitcoin ETFs. Ark's ETFs also sold smaller amounts of both stocks. Analysts speculate Ark may be adjusting its portfolio or reacting to market conditions.
We are still holding ARKB of BRC20.
